FBC banks on tech as growth driver
FBC Holdings has placed technology, cybersecurity, and artificial intelligence at the center of its next growth phase, unveiling a digital transformation agenda to meet evolving customer demands and manage complex risks.
AI boom keeps China’s exports humming, beats estimates in July
China’s exports rose more than expected in July, though growth eased from June’s blistering pace, with global demand for high-tech components helping absorb the country’s goods.
Wealth managers face a new challenger: Clients’ AI chatbots
Even high-net-worth clients who can afford top-notch advisors are asking artificial intelligence chatbots like Claude for portfolio recommendations and tax advice, wealth management leaders say.
Visa cutting 7pct of employees as AI reshapes work
The company plans to eliminate roughly 2,600 positions, mostly in its technology and product operations.
Google burning through cash with spiralling AI costs
Google parent Alphabet saw its business continue to grow in recent months, yet growing spending on artificial intelligence (AI) infrastructure put its leftover cash into negative territory.
Xi Jinping outlines China’s global vision for AI
Chinese President Xi Jinping on Friday cast Beijing as the champion of a new global AI order, using China’s premier tech conference to promote open-source technology and challenge U.S. influence over the rules governing the fast-moving sector.
Avantis unveils grand AI plan
Avantis Technologies Manufacturing is pursuing a long-term strategy to establish itself as one of Africa’s leading artificial intelligence companies by developing industry-focused AI solutions before investing in proprietary AI models and expanding into global markets.
Samsung profits jump 1,800pct as AI chip sales soar
South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.
Tech and finance sectors losing 28 000 jobs monthly show AI impact on labour
Whether artificial intelligence will cause mass workforce cuts over time remains up for debate, but it is starting to leave an imprint on US employment data.
Zimbabwe, Korea plan MoU on AI collaboration
Zimbabwe is deepening its strategic partnership with the Republic of Korea, with Finance minister Mthuli Ncube proposing a Memorandum of Understanding (MOU) on artificial intelligence (AI) collaboration and health financing.